FORM 20-F - Check Point
FORM 20-F - Check Point
FORM 20-F - Check Point
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Our board of directors has determined that Messrs. Yoav Chelouche and Irwin Federman are “audit<br />
committee financial experts” and that they are independent under the applicable Securities and Exchange<br />
Commission and NASDAQ Global Select Market rules.<br />
ITEM 16B. CODE OF ETHICS<br />
In March <strong>20</strong>04, our board of directors adopted a Code of Ethics that applies to all of our employees,<br />
directors and officers, including the Chief Executive Officer, Chief Financial Officer, principal accounting officer<br />
or controller and other individuals who perform similar functions. The Code of Ethics is updated from time to time.<br />
You can obtain a copy of our Code of Ethics without charge, by sending a written request to our investor relations<br />
department at <strong>Check</strong> <strong>Point</strong> Software Technologies Inc., Attn: Investor Relations, 800 Bridge Parkway, Redwood<br />
City, California 94065 U.S.A; Tel: 650-628-<strong>20</strong>00; Email: ir@us.checkpoint.com.<br />
ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES<br />
Fees and Services<br />
The following table sets forth the aggregate fees billed to us for the audit and other services provided by<br />
Kost, Forer, Gabbay & Kasierer, a member of Ernst & Young (“E&Y”) during the years ended December 31, <strong>20</strong>08<br />
and <strong>20</strong>09 (in thousands):<br />
Year Ended December 31, <strong>20</strong>08 Year Ended December 31, <strong>20</strong>09<br />
Amount Percentage Amount Percentage<br />
(in thousands, except percentages)<br />
Audit fees (1) ................................... $965 75% $864 81%<br />
Audit-related fees ............................. - - - -<br />
Tax fees (3) ...................................... 323 25% 198 19%<br />
[All other fees (if any)]<br />
Total ................................................. $1,288 100% $1,062 100%<br />
_______________________<br />
(1) “Audit fees” are fees for audit services for each of the years shown in this table, including fees associated with the annual<br />
audit (including audit of our internal control over financial reporting) and reviews of our quarterly financial results<br />
submitted on Form 6-K, consultations on various accounting issues and audit services provided in connection with other<br />
statutory or regulatory filings.<br />
(2) “Tax fees” are fees for professional services rendered by our auditors for tax compliance, tax planning and tax advice on<br />
actual or contemplated transactions, tax consulting associated with international transfer prices and employee benefits.<br />
Audit committee’s pre-approval policies and procedures<br />
Our audit committee chooses and engages our independent auditors to audit our financial statements, with<br />
the approval of our shareholders as required by Israeli law. In March <strong>20</strong>04, our audit committee adopted a policy<br />
requiring our management to obtain the audit committee’s approval before engaging our independent auditors to<br />
provide any audit or permitted non-audit services to us or our subsidiaries. The policy was last amended in October<br />
<strong>20</strong>04. This policy, which is designed to assure that such engagements do not impair the independence of our<br />
auditors, requires pre-approval from the audit committee on an annual basis for the various audit and non-audit<br />
services that may be performed by our auditors. In addition, the audit committee limited the aggregate amount of<br />
fees our auditors may have received during <strong>20</strong>08 and <strong>20</strong>09, and may receive during <strong>20</strong>10 for non-audit services in<br />
certain categories.<br />
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